Cammack Village, Arkansas Property Taxes
The median property tax rate in Cammack Village, AR is 1.16%, considerably higher than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Cammack Village at $229,278, the typical annual property tax bill reaches $2,528, just under the national median of $2,690. Property taxes in Cammack Village are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cammack Village's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Cammack Village or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cammack Village, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$2,660
Ownwell’s Cammack Village Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cammack Village with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cammack Village to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Cammack Village, Arkansas
Property taxes in Cammack Village, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cammack Village is 0.61%, lower than both the Arkansas state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Cammack Village set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cammack Village estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Cammack Village's effective property tax rate to other counties in Arkansas and the national median. For comparison, the 72207 zip code has the highest median property tax rate of 0.61%, while the 72207 zip code also has the lowest median tax rate of 0.61%. Understanding how these cities compare with Cammack Village provides valuable insights into the varying tax landscape across Pulaski County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cammack Village Tax Rate
1.16%
Average Pulaski County Tax Rate
1.04%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cammack Village, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72207 | 0.65% | 0.99% | 1.16% | 1.23% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Cammack Village, Arkansas
In Cammack Village, Arkansas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Pulaski County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Cammack Village, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Cammack Village helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,528 in the 72207 zip code, while the lowest is also $2,528 in the same zip code.
Property Tax Assessment Values Across Cammack Village, Arkansas
Source: Ownwell
$6,305
$348,438
$690,570
Average Cammack Village Assessed Value
$229,278
Average Pulaski County Assessed Value
$148,242
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cammack Village, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72207 | $195,876 | $200,774 | $229,278 | $283,992 | $597,164 |
Source: Ownwell
Property Tax Bills Across Cammack Village, Arkansas
In Cammack Village, Pulaski County, AR, property tax bills are calculated based on the assessed value of a home, which is determined by a percentage of the property's market value. The median home price in the area is $229,278. Homeowners can expect their tax bills to vary significantly. For example, tax bills in the 25th percentile are around $2,193, while those in the 75th percentile rise to approximately $3,231. At the 90th percentile, tax bills can soar to $6,704. Several factors influence these tax bills, including property size, location, and any improvements made to the property. These taxes fund essential local services like schools, emergency services, and infrastructure. Compared to the national median property tax rate of 0.99%, the tax rates in Cammack Village reflect the community's commitment to maintaining high-quality public services. Homeowners should be aware of these factors as they significantly impact their annual financial planning and the overall affordability of their homes.
Average Cammack Village Tax Bill
$2,528
Average Pulaski County Tax Bill
$1,457
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Cammack Village, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72207 | $1,500 | $2,193 | $2,528 | $3,231 | $6,704 |
Source: Ownwell